Known as one of the most influential launchpads for entrepreneurs to take to the global stage, the MIT Arab startup competition will award the most promising startups over $160,000 in prizes.
One of the most powerful entities pushing Arab startups to the international scene, the MIT Enterprise Forum (MITEF) of the Pan Arab Region has just opened applications for their celebrated startup competition’s 11th edition, which will see the region’s most promising entrepreneurs take up to $160,000 home.
Launched in 2005, the MIT Enterprise Forum of the Pan Arab Region is one of the 28 worldwide chapters of the MIT Enterprise Forum Global. For the past years, the competition has been the launchpad for some of the Middle East’s most successful startups, from Egypt’s Instabug - which last year raised $1.7 million - to Tutorama, and more recently, gamechanging social startup Mindrockets.
The annual competition pits entrepreneurs in three different tracks: the Ideas Track (for entrepreneurs with ideas but whose startups haven’t yet been registered), the Startups Track (for legally registered startups) and Social Entrepreneurship Track (for startups addressing social issues). The winning entrepreneurs will be awarded over $160,000 and a range of other activities, including top tier training, mentorship, coaching, media exposure, and unmatchable networking opportunities. Last year, the competition saw an unprecedented turnout of over 8,272 applications, with Egyptian startups Kiliim, Money Fellows, and Blink amongst the top winners. Applications are open until November 27th, and semifinalists will be announced on February 12th.
For more information and to apply, visit their website.
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